Michael Bloomberg, (right) founder of Bloomberg LP and Lloyd Blankfein, Chairman and CEO of Goldman Sachs Group, at the 10,000 Small Business Partners (1OKSB) Event in London on December 14, 2016.
Chris Ratcliffe | Bloomberg | beautiful pictures
Mixed feelings about extreme wealth
At the same time, most Americans have a love-hate relationship with extreme wealth.
“There is a connection between two parties who want to be billionaires one day,” Harris reports. Meanwhile, 40% said they despise billionaires. Many people also believe that billionaires have a responsibility to make society better, but still do not do enough.
When the rich get richer66% of adults consider wealth inequality a serious national problem, and nearly half of Americans, or 47%, believe there should be a limit to wealth accumulation, the report also said. see.
A mobile billboard in Washington, DC, calling for higher taxes on the super-rich depicts an image of billionaire Jeff Bezos on May 17, 2021.
Drew Angerer | beautiful pictures
Among those polled, 24% said personal wealth should be limited to less than $1 billion, while 20% said it should be limited to between $1 billion and $10 billion. la.
According to Forbes’ annual ranking of the richest people, there are about 200 people in the US who are now worth more than $10 billion. Among the top 5 assets, Jeff Bezos, Warren Buffett, Bill Gates and Elon Musk are all worth more than $100 billion.
Meanwhile, extreme inequality between rich and poor Other reports also show that it is exacerbated by the Covid pandemic.
The richest Americans continue to benefit from owning stocks and real estate, especially last year when both the stock market and home prices skyrocketed. By the end of 2021, top 1% owns a record 32.3% of the nation’s wealth.
On the other hand, the lowest percentage of assets held by the 90% of Americans has fallen since before the pandemic, from 30.5% to 30.2%.
In a Harris poll, 58% of Americans were unhappy with their wealth accumulation during this period, when others suffered a financial downturn caused by a sudden economic downturn.
Tax support income from the super rich
“Right now, the average billionaire – there are about 790 of them in the US – has a federal tax rate of 8%,” Biden said. tweeted.
The Billionaire Minimum Income Tax will levy a minimum tax rate of 20% on US households worth more than $100 million. More than half of the revenue could come from things worth more than $1 billion.
But despite the public’s growing support for higher taxes on the extremely wealthyBillionaire proposes tax yes not gain traction.
